Examlex
A good "warm-up" for class is reviewing your notes and assignments from the previous class.
Reviewing notes before class refreshes your memory about the class/topic and gets you in the right frame of mind for class.
Efficiency Variance
The difference between the actual input used to produce a good or service and the standard input expected, used to measure performance.
Fixed Manufacturing Overhead
Costs in the manufacturing process that do not change with the level of production, such as rent, salaries, and depreciation.
Budget Variance
The difference between what was budgeted for and what was actually spent or received.
Volume Variance
The difference between the planned level of production volume and the actual production volume, often relating to overhead costs.
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